The HS Code 29214221 refers to the product known as Metanilic Acid. This article will provide an extensive overview of this chemical compound, including its description, duty rates, quantity unit, and special tariff preference programs.
Metanilic Acid is a chemical compound that falls under the HS Code 29214221. It is primarily used in the manufacturing industry for various purposes, including dye production, pharmaceuticals, and organic synthesis. The acid is a white crystalline powder that is soluble in water and has a strong acidic nature.
The bound / MFN duty rate for Metanilic Acid is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This duty rate is applicable to the import of Metanilic Acid from any country unless specific tariff preference programs apply.
The quantity unit for Metanilic Acid is kilograms (KG). This unit is commonly used in international trade to measure the weight or quantity of goods being imported or exported. It provides a standardized method for calculating the quantity of Metanilic Acid that is being traded between countries.
Metanilic Acid is eligible for various special tariff preference programs, which offer different duty rates and treatment for specific countries. These programs include:
These special tariff preference programs aim to promote trade and economic cooperation between countries by offering favorable duty rates and treatment for specific products like Metanilic Acid.
Metanilic Acid can be imported into and exported from various US states. The specific states involved in the import and export of this product may vary depending on market demand and trade relationships. However, some of the prominent US states associated with Metanilic Acid trade include:
These states, among others, play a significant role in the import and export of Metanilic Acid, facilitating trade and contributing to the overall economy.
the HS Code 29214221 represents Metanilic Acid, a chemical compound used in various industries. This article provided an extensive overview of the product, including its description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states. Understanding these details is essential for businesses involved in international trade, ensuring compliance with regulations and leveraging tariff preference programs for cost-effective trade.